Chinese President Xi Jinping set off a frenzy of stock buying when he called for faster development of blockchain technology. Photo: Shutterstock Chinese President Xi Jinping set off a frenzy of stock buying when he called for faster development of blockchain technology. Photo: Shutterstock
Chinese President Xi Jinping set off a frenzy of stock buying when he called for faster development of blockchain technology. Photo: Shutterstock
Blockchain

Bubble or smart bet? Blockchain-stock frenzy in China spotlights hype and hope for investors in new technology

  • Profitable application of promising technology is years away, analysts say
  • Xi Jinping’s call for rapid blockchain development creates quick boom and bust for linked stocks

Topic |   Blockchain
Chinese President Xi Jinping set off a frenzy of stock buying when he called for faster development of blockchain technology. Photo: Shutterstock Chinese President Xi Jinping set off a frenzy of stock buying when he called for faster development of blockchain technology. Photo: Shutterstock
Chinese President Xi Jinping set off a frenzy of stock buying when he called for faster development of blockchain technology. Photo: Shutterstock
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